Huawei shows 35% hike in annual earnings in 2015

Huawei recently revealed its financial results for 2015 and boy, did it do well or what? In this market where companies are struggling to stay afloat, Huawei announced a 35 per cent rise in full-year revenue from the last calendar year. It didn’t release full details but the company has said its annual revenue rose to $60.1 billion (Dh220.87 billion).

Huawei has also seen a “solid increase in profits and cash flow”, as per Huawei’s acting Chief Executive Guo Ping. Huawei became the biggest seller of smartphones in China overtaking Xiaomi in the third quarter of 2015. Its sub-brand Honor propelled Huawei to became the second-biggest seller of Android phones in Europe around the same time.

Nexus 6P and the Huawei Watch

The Nexus 6P (being called the best smartphone of 2015) and the Huawei watch are on the market. Huawei could just be giving Samsung a run for its money as it is very much on the way to becoming a household name in Western markets.

Huawei reached 100 million smartphone shipments in 2015 and seems likely to beat that next year as it launches its popular, affordable Honor brand in the US. It’s still some way behind Samsung’s 400 million shipments, but it has the potential to pull customers away from the Korean tech giant.